Saudi-backed LIV Golf is shutting down after five years of attempting to challenge the established PGA Tour, according to a report by Variety's Todd Spangler published Thursday.
The rival golf circuit, financed by Saudi Arabia's Public Investment Fund, launched in 2022 with the aim of disrupting professional golf's traditional structure. Its closure marks the end of a turbulent period in the sport that featured high-profile player defections, antitrust litigation, and a surprise framework agreement between the PGA Tour and the Saudi fund in June 2023.
Details regarding the winding-down process, player contracts, and the fate of scheduled events were not immediately disclosed.
